Ferro-Alloy Resources (LON:FAR) Shares Down 1.5%

Ferro-Alloy Resources Limited (LON:FAR – Get Rating) shares were down 1.5% during trading on Wednesday . The stock traded as low as GBX 15.76 ($0.19) and last traded at GBX 15.76 ($0.19). Approximately 101,269 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 441,954 shares. The stock had previously closed at GBX 16 ($0.19).
Analyst Upgrades and Downgrades
Separately, Shore Capital restated a “house stock” rating and issued a GBX 12.55 ($0.15) target price on shares of Ferro-Alloy Resources in a research note on Friday, July 1st.
The firm has a market cap of £60.43 million and a price-to-earnings ratio of -22.51. The company has a debt-to-equity ratio of 13.04, a quick ratio of 2.18 and a current ratio of 4.25. The business has a 50 day simple moving average of GBX 14.71 and a 200-day simple moving average of GBX 19.05.
About Ferro-Alloy Resources
Ferro-Alloy Resources Limited engages in mining, processing, and selling vanadium and related by-products in the Republic of Kazakhstan. The company explores for uranium, molybdenum, aluminum, rare earth metals, potassium, and carbon deposits. It primarily holds an interest in the Balasausqandiq deposit located in southern Kazakhstan.